Okay, last week my primary FHA lender sent out the usual email about how great they are and how much they know. In reading through the mail I noticed that it stated that you can only have one FHA loan. Well that's not correct, so I responded in kind. After a couple of responses back and forth my account executive finally sent me an email stating the following;
We should not be arguing over this, all that matters is how much $$$$$ I can help you make this month.
I guess he doesn't know me well because;
Ethical behavior does matter, big time!
He knew the info was wrong, had no intention of correcting it, and was solely focused on the $$$$$'s.
Personally I'm not trying to become a non profit organization, but;
Have we forgotten already, or did we not learn anything over the past 2-3 years.
Moral and ethical behavior in our industry is vital.
Sole pursuit of the almighty dollar was/is the problem!
Am I overreacting a bit? Maybe, but in my opinion that's what the market needs right now more than anything, that being to create a sense of trust, a comfort zone so to speak.
If we are to overcome our problems we must insist on ethical behavior. Intentionally publishing false data is not acceptable. Ignoring it and/or refusing to correct it when it is pointed out is not acceptable.
So, what's the solution.
They are no longer my FHA source, period.